Rob Greco

[Rob Greco @greco_rob]

@XavierORourke @SamKSS Sounds like you guys need this? https://t.co/3IbGKUJQ2E

Note - no laffer curves are built into the model

[Rob Greco @greco_rob]

@DrewPavlou App here: https://t.co/3IbGKUJQ2E

[Rob Greco @greco_rob]

@DrewPavlou Thanks @DrewPavlou !

[Rob Greco @greco_rob]

Glad you enjoyed the app, Drew! Some solid choices 👌

[Drew Pavlou 🇦🇺🇺🇸🇺🇦🇹🇼 @DrewPavlou]

How to fix Australia's budget in 30 minutes.

I played around with new game that allows you to take the role of Australia's Treasurer.

My philosophy: Shift the tax burden off income, work and production and onto unproductive speculation and rents, specifically in land and housing. Channel capital into factories, industry and manufacturing. Make Australia a productive superpower again.

Key moves:
- Income tax cuts for every bracket, weighted toward low and middle earners.
- LNG export levy, 2% federal mineral resource levy, PRRT effective rate up to 45%. Qatar exports the same gas as us and pulls in $40-50 bn a year. Fix this to pay for income tax cuts.
- Broad-based land value tax (0.25%) with the family home completely carved out. Kills idle land banking.
- Negative gearing eliminated. Dead money. I want capital building factories, not flipping houses.
- Tobacco and alcohol excise slashed. Current rates hand the market to Middle Eastern organised crime gangs and triggered the firebombing epidemic in Sydney and Melbourne.
- Defence to 2.5% of GDP. Infrastructure to $25 bn. High-speed rail down the east coast, metros in every capital city. Nobody should need a car to get around any of the 5 major cities.
- NDIS nationalised. Save $20 bn without cutting a single dollar from genuinely disabled Australians by ripping out the legions of shonky providers running mafia operations on taxpayer money.
- Public service trimmed from 180,000 to 150,000.
- Immigration and Home Affairs lifted to $8 bn — harden the border, deport illegal residents.

No cuts to pension, welfare, health, education or aged care. Politically untouchable.

Result: Budget surplus, lower debt interest payments, tax cuts for every Australian, and capital flowing into productive enterprise instead of unproductive speculation.

Beautiful vision. Make Australia a manufacturing and infrastructure superpower.

[Drew Pavlou 🇦🇺🇺🇸🇺🇦🇹🇼 @DrewPavlou]

How to fix Australia's budget in 30 minutes.

I played around with new game that allows you to take the role of Australia's Treasurer.

My philosophy: Shift the tax burden off income, work and production and onto unproductive speculation and rents, specifically in land and housing. Channel capital into factories, industry and manufacturing. Make Australia a productive superpower again.

Key moves:
- Income tax cuts for every bracket, weighted toward low and middle earners.
- LNG export levy, 2% federal mineral resource levy, PRRT effective rate up to 45%. Qatar exports the same gas as us and pulls in $40-50 bn a year. Fix this to pay for income tax cuts.
- Broad-based land value tax (0.25%) with the family home completely carved out. Kills idle land banking.
- Negative gearing eliminated. Dead money. I want capital building factories, not flipping houses.
- Tobacco and alcohol excise slashed. Current rates hand the market to Middle Eastern organised crime gangs and triggered the firebombing epidemic in Sydney and Melbourne.
- Defence to 2.5% of GDP. Infrastructure to $25 bn. High-speed rail down the east coast, metros in every capital city. Nobody should need a car to get around any of the 5 major cities.
- NDIS nationalised. Save $20 bn without cutting a single dollar from genuinely disabled Australians by ripping out the legions of shonky providers running mafia operations on taxpayer money.
- Public service trimmed from 180,000 to 150,000.
- Immigration and Home Affairs lifted to $8 bn — harden the border, deport illegal residents.

No cuts to pension, welfare, health, education or aged care. Politically untouchable.

Result: Budget surplus, lower debt interest payments, tax cuts for every Australian, and capital flowing into productive enterprise instead of unproductive speculation.

Beautiful vision. Make Australia a manufacturing and infrastructure superpower.

[Rob Greco @greco_rob]

@Michmue2 @DrewPavlou 👋… glad you like it!

[Rob Greco @greco_rob]

@haydenbeamish Thanks mate! Glad you enjoyed it!

[Rob Greco @greco_rob]

@haydenbeamish Thanks Hayden! The initial aus budget app idea was mine. Great to see it’s inspired further iterations and sparked great debate on Aus’ tax settings. Love your new version! Amazing what Claude can do

[Rob Greco @greco_rob]

Think you can deliver a better budget than Chalmers? Well, I created an app to find out: https://t.co/k80fkDpsye #auspol

[Rob Greco @greco_rob]

In Kouk’s fantasy world, people don’t start businesses to make money. By his logic, no possible tax rate could discourage business creation. Peak delusion!

[Stephen Koukoulas @TheKouk]

If tax policy is the fundamental issue for you when you are starting a business, perhaps stick to knitting ...

[Rob Greco @greco_rob]

@TheKouk Genuine question - How many of these businesses are NDIS providers?

And this misses the point - CGT changes have NOT yet been passed, so effect on registrations cannot possibly have materialised yet

[Rob Greco @greco_rob]

@TheKouk Yes agreed, but the anger is well placed when you consider the staggering proportion of personal income tax revenue to the entire budget. So much so I had to build an app to play for myself: https://t.co/k80fkDpsye

[Rob Greco @greco_rob]

@puppyeh1 It's one of the biggest, yet most poorly publicised, economic crimes this government (and past ones too, quite frankly) has perpetrated against our country. For some fun, I built an app that lets you control our country's finances: https://t.co/k80fkDpsye

[Rob Greco @greco_rob]

@cjoye My federal budget app has given this current government an F grade. I think you (@cjoye ) and a lot of your followers could be much more measured and deliver a better budget for the country. Try it here: https://t.co/k80fkDpsye

[Rob Greco @greco_rob]

@The_PrenderCast Cripps, Walsh, Fogarty

[Rob Greco @greco_rob]

@Kogan Wtf….my partner and I have now been waiting almost 5 months for our couch from Brosa (now Kogan). Despite getting email that our couch would arrive today, all the courier showed up with was….fabric protector cleaner (you’ve gotta be taking the piss)! DM back to solve.

[Rob Greco @greco_rob]

@esaagar “Absence of evidence doesn’t equal evidence of absence.” - N. Taleb

[Rob Greco @greco_rob]

@dklineii @threadreaderapp unroll

[Rob Greco @greco_rob]

@wes_kao @threadreaderapp unroll